7
CurrentApplication
Schedule 16Schemes approved under Act, section 11(4)
7 Application
(1)
ICSM must apply to the authority for the loan under the scheme.
(2)
The application must—
(a)
be in the form approved by the authority; and
(b)
be accompanied by any other documents stated in the approved form.
(3)
If the authority considers further information or documents are required for deciding the application, the authority may give ICSM a written notice requesting information or a document be given to the authority within a stated period of at least 10 business days.
(4)
If ICSM does not comply with the request within the stated period, or a longer period allowed by the authority, ICSM is taken to have withdrawn the application.
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